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By LSE RNS

RNS Number : 7693C
Hiscox Ltd
19 April 2017
 

 

Hiscox Ltd

 

(the 'Company')

 

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')

 

 

 

Hamilton, Bermuda - The Company has been notified by Mr Robert Childs, Chairman, that he and a person closely associated with him have together sold a total of 100,000 Ordinary Share of 6.5p each in the Company ("Shares")

 

The transactions took place on 13 April 2017 and comprised 50,000 Shares sold by Mr Robert Childs and 50,000 Shares sold by Mrs Mary Childs both at the same price of 1126.2014p

 

Following these transactions Mr Childs remains interested in 1,409,610 Shares

 

The Company has also been notified that on 13th April 2017 Mr Richard Watson Chief Underwriting Officer, exercised his option over 118,779 Ordinary Shares of 6.5p each that had vested under the Company's Performance Share Plan, 10,000 of these Shares were retained in Mr Richard Watson's name and 108,779 Shares were sold.

 

Of the 108,779 shares, 89,874 shares were sold on the 13th April 2017 at a price of 1126.138 and as the sale could not be completed through the market the balance of 18,905 Shares were sold on 18th April 2017 at a price of 1124.7375p.

 

The Company has also been informed that on 18th April 2017, Mr Richard Watson used an element of his deferred bonus to purchase 41,972 Shares in the Company at a price of 1133.6322p.

 

Following these transactions Mr Watson remains interested in 643,193 Shares

 

All of the above transactions were executed in GBP. 

 

The notifications made in accordance with the requirements of the EU Market Abuse Regulation (EU 596/2014) are set out below.  

 

Jeremy Pinchin

 

Company Secretary

Hiscox Ltd

+ 1 441 278 8300

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Robert Childs

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chairman

 

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Hiscox Ltd

b)

 

LEI

 

 

5493007JXOLJ0QCY2D70

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

 

Ordinary Shares of 6.5p each

 

ISIN: BMG4593F1389

 

 

b)

 

Nature of the transaction

 

 

Share sale

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 1126.2014p

 

50,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

50,000

 

£563,100.70

 

 

 

e)

 

Date of the transaction

 

 

13 April 2017

f)

 

Place of the transaction

 

 

XLON

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mary Childs

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA of Robert Childs - Chairman

 

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Hiscox Ltd

b)

 

LEI

 

 

5493007JXOLJ0QCY2D70

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

 

Ordinary Shares of 6.5p each

 

ISIN: BMG4593F1389

 

 

b)

 

Nature of the transaction

 

 

Share sale

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 1126.2014p

 

 50,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

50,000

 

£563,100.70

 

 

 

e)

 

Date of the transaction

 

 

13 April 2017

f)

 

Place of the transaction

 

 

XLON

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Richard Watson

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Underwriting Officer

 

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Hiscox Ltd

b)

 

LEI

 

 

5493007JXOLJ0QCY2D70

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

 

Ordinary Shares of 6.5p each

 

ISIN: BMG4593F1389

 

 

b)

 

Nature of the transaction

 

 

Share purchase following an exercise under the Company's performance share plan.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 Nil

 

 10,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

10,000

 

Nil

 

 

 

e)

 

Date of the transaction

 

 

13 April 2017

f)

 

Place of the transaction

 

 

Outside a Trading Venue.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Richard Watson

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Underwriting Officer

 

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Hiscox Ltd

b)

 

LEI

 

 

5493007JXOLJ0QCY2D70

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

 

Ordinary Shares of 6.5p each

 

ISIN: BMG4593F1389

 

 

b)

 

Nature of the transaction

 

 

Sale of shares following an exercise of options under the Company's performance share plan.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 1126.138

 

 89,874

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

89,874

 

£1,012,105.27

 

 

 

e)

 

Date of the transaction

 

 

13 April 2017

f)

 

Place of the transaction

 

 

XLON

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Richard Watson

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Underwriting Officer

 

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Hiscox Ltd

b)

 

LEI

 

 

5493007JXOLJ0QCY2D70

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

 

Ordinary Shares of 6.5p each

 

ISIN: BMG4593F1389

 

 

b)

 

Nature of the transaction

 

 

Completion of sale following the exercise of  an option under the Company's  performance share plan.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 1124.7375p

 

 18,905

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

18,905

 

£212,631.63

 

 

e)

 

Date of the transaction

 

 

18 April 2017

f)

 

Place of the transaction

 

 

XLON

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Richard Watson

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Underwriting Officer

 

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Hiscox Ltd

b)

 

LEI

 

 

5493007JXOLJ0QCY2D70

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

 

Ordinary Shares of 6.5p each

 

ISIN: BMG4593F1389

 

 

b)

 

Nature of the transaction

 

 

Purchase of shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 1133.6322p

 41,972

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

Aggregated Volume

 

Aggregated Price

41,972

 

£475,808.11

 

 

 

e)

 

Date of the transaction

 

 

18 April 2017

f)

 

Place of the transaction

 

 

XLON

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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